Hunan Huamin Holdings Co (SZSE:300345) Debt-to-Equity : 0.42 (As of Mar. 2024)

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What is Hunan Huamin Holdings Co Debt-to-Equity?

Hunan Huamin Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥343 Mil. Hunan Huamin Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥5 Mil. Hunan Huamin Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥831 Mil. Hunan Huamin Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.42.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hunan Huamin Holdings Co's Debt-to-Equity or its related term are showing as below:

SZSE:300345' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.2 Max: 0.42
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Hunan Huamin Holdings Co was 0.42. The lowest was 0.00. And the median was 0.20.

SZSE:300345's Debt-to-Equity is ranked worse than
60.95% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs SZSE:300345: 0.42

Hunan Huamin Holdings Co Debt-to-Equity Historical Data

The historical data trend for Hunan Huamin Holdings Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hunan Huamin Holdings Co Debt-to-Equity Chart

Hunan Huamin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.02

0.01

0.30

Hunan Huamin Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.10	0.15	0.30	0.42

Competitive Comparison of Hunan Huamin Holdings Co's Debt-to-Equity

For the Metal Fabrication subindustry, Hunan Huamin Holdings Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hunan Huamin Holdings Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Huamin Holdings Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hunan Huamin Holdings Co's Debt-to-Equity falls into.

Hunan Huamin Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hunan Huamin Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(255.755	+	5.404)	/	874.515
	=	0.30

Hunan Huamin Holdings Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(343.198	+	5.391)	/	830.939
	=	0.42

Hunan Huamin Holdings Co (SZSE:300345) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hunan Huamin Holdings Co Debt-to-Equity Related Terms

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Hunan Huamin Holdings Co (SZSE:300345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Huamin Holdings Co Ltd (SZSE:300345) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 068 Jinsha West Road, Jinzhou New District, Hunan, Changsha, CHN, 410600

Website

http://www.chinahongyu.cn

Hunan Huamin Holdings Co Ltd is engaged in provision of high-efficiency ball mill comprehensive energy-saving technology in the mining, cement and thermal power industries; industrial promotion of controlled ion infiltration (PIP) technology. The company produces, processes and sells rinding balls, grinding sections, roller wear-resistant parts and various wear-resistant new materials; production, sales and disassembly of lining plates; research and development, production and sales of polymer materials; research and development of energy-saving technologies for ball mills, among others.

Executives

Chen Ai Wen	Independent director
Chen Gui	Supervisors
Peng Guo Qun	Supervisors
Zhang Li	Executives
Zhu Hong Yu	Directors, Directors, and Executives
Chen Xin Wen	Secretary Dong

Hunan Huamin Holdings Co (SZSE:300345) Headlines

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